Whether you have multiple PPF accounts in your name? Then as per the rule, you can’t have multiple PPF accounts. Hence, How to merge multiple PPF accounts into one? We all know that one can’t hold more than one PPF account. However, many are knowingly or unknowingly opened multiple PPF accounts and held them as usual. To relieve from such multiple accounts, Government recently came out with a procedure in which the proper guidelines are set on how to merge multiple PPF accounts into one.
PPF is a wonderful debt product available for all of us. Hence, many try to open this account. But they forget the basic rule that one can’t hold more than one PPF account. Hence, knowingly or unknowingly they open multiple PPF accounts in multiple banks or with Post Office.
As per the old rule, legally you are not allowed to open two PPF accounts. One person must have only one PPF account. Suppose you knowingly or unknowingly opened two accounts in Post Office, Bank or one…